Public Statement 13 of 2021 - NEWSOLID MARKETS CO., LTD. (2021-04-16)

Summary

This is a public warning notice issued by the BVI Financial Services Commission (FSC) alerting the public that TIANRUN INTERNATIONAL CORPORATION and NEWSOLID MARKETS CO., LTD. are not licensed or regulated by the FSC, despite falsely claiming to be regulated to conduct investment business. The statement warns that these entities are using a fraudulent website to solicit customers for investment services that require an FSC licence.

• Entities named: TIANRUN INTERNATIONAL CORPORATION and NEWSOLID MARKETS CO., LTD.
• Conduct alleged: Falsely purporting to be FSC-regulated to conduct investment business and using the fraudulent website www.tianrunint.com to advertise and solicit customers.
• FSC finding: Neither entity has ever been licensed or regulated by the FSC to carry on investment business or any financial services business in or from within the BVI.
• Public advisory: Members of the public are advised to exercise extreme caution if solicited by these entities, and to report relevant information on questionable entities or improper activities to the FSC.
• Legal basis: Issued pursuant to Section 37A of the Financial Services Commission Act, 2001.

Applies to

unlicensed entities purporting to conduct investment business, members of the public and potential investors